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Captives are often focused on managing their fixed costs, but losses often constitute an even greater proportion of their expenses, according to Eric Lark, partner at Kerr Russell, the Detroit-based law firm. 5 December 2019
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Artificial intelligence can save lives in hospitals by helping doctors make better diagnoses, according to Harry Hoar, a doctor at Baystate Health. 5 December 2019
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Companies are engaged in a war for talent that will only get increasingly fierce in coming years, according to Carla Harris, senior advisor at Morgan Stanley, as competitors fight to attract and retain the best young employees. 5 December 2019
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Investors are “pausing for thought” after two difficult years in the ILS market have taught them they can sustain large losses in this market, according to Peter Mullen, CEO at Artex, speaking at the Cayman Captive Forum. 5 December 2019
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The Cayman Islands captive community is “incredibly vibrant” and “the envy of the world,” according to Tara Rivers, minister of financial services and home affairs in the Cayman Islands government. 5 December 2019
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Benchmarking makes data more digestible and gives them context, making it easier to understand their significance. The captive insurance industry is teeming with data points, and Aon has embraced benchmarking as a way to help captives maximise their value, says Aon’s Jimmy Hussey. 5 December 2019
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Captives could cease to exist within 30 years – or could become more widespread, with increasingly detailed and personalised data leading to everyone effectively becoming their own captive, according to Aidan Kelly, associate director at Aon. 4 December 2019
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By eliminating the most mundane tasks, insurtech is making jobs more rewarding and autonomous, making it easier to attract a new generation of talent to the sector, according to Rocco Mancini, captive advisor at Marsh. 4 December 2019
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“Captives do not need to panic,” about the implementation of the Cayman Islands Monetary Authority's (CIMA) new fines and penalties regime, according to Ruwan Jayasekera, head of insurance at CIMA. 4 December 2019
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Captive insurers will fall within the scope of economic substance, but will see a relatively modest impact on their day-to-day business compared with some other sectors in Cayman, according to panellists at the Cayman Captive Forum. 4 December 2019
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